(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 23 December 2025 in relation to the Proposed Acquisition, where applicable, unless stated otherwise or defined herein.)
Reference is made to the earlier announcements dated 23 December 2025, 12 February 2026 and 27 February 2026 in relation to the Proposed Acquisition.
On behalf of the Board, TA Securities wishes to announce that the Company and the Vendor had on 20 May 2026 entered into a supplemental agreement to the SSA ("Supplemental Agreement") to insert an additional condition precedent in Schedule 2 of the SSA with no amendments to the other existing conditions precedent as follows:
(i) SPPH's due and valid execution, delivery and registration at the High Court of Malaya of an unconditional and irrevocable power of attorney in favour of the Purchaser, granting the Purchaser full authority and control over all matters relating to the Subject Property, including but not limited to:
(a) Operational matters. All day-to-day and strategic operational matters relating to the Subject Property, including the right to manage, maintain, develop, occupy, lease, sub-let, or otherwise deal with the Subject Property in any manner that the Purchaser deems appropriate, and to appoint contractors, consultants, agents, and other professionals in connection therewith;
(b) Financial interests. All financial interests arising from or in connection with the Subject Property, including the right to collect and receive all rents, fees, proceeds, compensation, and other monetary benefits (including those arising from any future development), to open and operate bank accounts for the purposes of the Subject Property, and to manage all outgoings including quit rent, assessments, and utilities;
(c) Equitable interest, legal and title matters. All legal and equitable interests in the Subject Property, including the right to execute, or to procure the execution by SPPH, documents and instruments for the transfer and registration of the Subject Property, to apply for and obtain all regulatory and authority consents, to remove or lift any encumbrance, caveat, or notice registered against the Subject Property, and to institute, defend, or settle any legal proceedings in connection with the Subject Property; and
(d) Any other matters that the Purchaser may reasonably require in order to fully exercise and protect its interests in and over the Subject Property.
Pursuant to the Supplemental Agreement, Schedule 2 of the SSA has been replaced in its entirety and Clauses 4.3 and 4.4 of the SSA have been amended to reflect the insertion of the above condition precedent and the parties responsible for procuring the fulfilment of the relevant conditions precedent.
Save for the above, all the terms and conditions of the SSA remain unchanged.
This announcement is dated 20 May 2026.